CES Energy Solutions Corp (TSE:CEU) Senior Officer Kenneth Earl Zinger bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was purchased at an average cost of C$2.89 per share, for a total transaction of C$28,900.00. Following the completion of the transaction, the insider now owns 1,328,872 shares in the company, valued at C$3,840,440.08.

CEU traded down C$0.08 during midday trading on Friday, hitting C$2.83. 1,626,300 shares of the company were exchanged, compared to its average volume of 555,073. The company has a market capitalization of $773.73 million and a P/E ratio of 21.77. The company has a debt-to-equity ratio of 72.49, a quick ratio of 1.91 and a current ratio of 3.43. CES Energy Solutions Corp has a 1-year low of C$2.80 and a 1-year high of C$6.73.

The business also recently declared a monthly dividend, which was paid on Friday, February 15th. Shareholders of record on Friday, February 15th were given a dividend of $0.005 per share. This represents a $0.06 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend was Wednesday, January 30th. CES Energy Solutions’s dividend payout ratio is currently 36.54%.

Several equities analysts recently issued reports on the company. Alliance Global Partners cut their target price on CES Energy Solutions from C$7.00 to C$5.00 in a research report on Thursday. GMP Securities cut their price target on CES Energy Solutions from C$3.50 to C$3.00 in a research report on Thursday. National Bank Financial cut their price target on CES Energy Solutions from C$6.50 to C$5.00 and set an “outperform” rating on the stock in a research report on Wednesday. Clarus Securities reaffirmed a “buy” rating on shares of CES Energy Solutions in a research report on Wednesday. Finally, Raymond James downgraded CES Energy Solutions from a “strong-buy” rating to an “outperform” rating and cut their price target for the stock from C$7.00 to C$5.00 in a research report on Monday, February 4th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of C$5.88.

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CES Energy Solutions Company Profile

CES Energy Solutions Corp., together with its subsidiaries, provides consumable chemical solutions throughout the life-cycle of the oilfield. The company provides solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and through to the pipeline and midstream market.

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